UPDATE 1-Canadian Tire to buy 12 Target property leases in Canada

May 6, 2015 3:37 PM

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May 6 (Reuters) - Retailer Canadian Tire Corp Ltd said it would buy leases for 12 properties previously held by the Canadian unit of Target Corp for $17.7 million.

The 12 locations, spread across the country, will add about 400,000 square feet of retail space to Canadian Tire Retail's store network, the company said on Wednesday.

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